CINCINNATI - The board of directors of The Kroger Co. (NYSE: KR) announced a quarterly dividend of $0.16 per share to be paid on June 1 to shareholders of the company on record as of the close of business on May 15. 

Reinstated in 2006, Kroger’s quarterly dividend has grown annually at a double-digit compound growth rate. The company projects this pattern will continue in the future. 

The company’s investment strategy is to use free cash flow to drive profitable growth while maintaining its investment-grade debt rating and returning capital to shareholders.